This is a segment from The Breakdown newsletter. To read full editions, subscribe. “Despite what we hear on the news… the great story of our era is that we are witnessing the greatest improvement in global living standards ever to take place.” — John Norberg As years go, 2025 was a pretty good one, I…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. It was a mixed week for crypto, with BTC ending higher but sharp divergence across sectors. DePIN and Gaming led a surprising rebound after a rough year, while L2s, RWAs and the treasury trade continued to grind lower as flows stayed choppy….
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. As we step into the new year, mindshare across crypto has rotated meaningfully. Prediction markets, stablecoins and RWAs have emerged as the clear winners, while AI, modularity and memecoins have fallen out of favor. One protocol that stood out this week touches…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “Technology is everything that doesn’t work yet.” — Danny Hillis The world’s first webcam was an inadvertent hit. Computer scientists at a University of Cambridge lab, to avoid the disappointment of walking to the kitchen only to find their communal coffee pot…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “You have to enjoy failure.” — James Dyson In a 2003 research paper, Google engineers shared their new approach of building “reliable computing infrastructure from clusters of unreliable commodity PCs.” This was a radical change. Instead of paying up for super high-end…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Yield Basis (YB) is a novel DeFi mechanism that uses leverage to eliminate impermanent loss (IL) from AMMs. The founder of Yield Basis is the same founder as Curve, and synergies exist between the two. The mechanics of how this mechanism works…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “Corporations are legal entities that own themselves.” — Lynn Stout The idea that companies should be run for the benefit of shareholders is a relatively new one. For most of the 20th century, American corporations were instead operated according to the principle…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The headline in crypto today is Lighter’s LIT token finally going live, marking a key moment in the ongoing battle for perps market share. In today’s coverage, we break down one of the most overlooked beneficiaries of perps growth (Pendle via Boros),…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “It gives women a feeling of freedom and self-reliance. I stand and rejoice every time I see a woman ride by on a wheel.” — Susan B. Anthony on bicycles The 1880s saw bicycle riders shift from sitting directly — and precariously…
2025 was a line in the sand moment for crypto. Decades from now, we will look back at these years as 2009 – 2024. Then 2025. Then everything after. It’s worth taking a moment to reflect on exactly why that is and what it means for the next decade. Until this point, crypto could fairly…